A statement released earlier today by Barclays about Sysco (NYSE:SYY) bumps the target price to $48.00
- Updated: September 23, 2016
Barclays bumped up the target of Sysco (NYSE:SYY) to $48.00 stating a potential downside of -0.04%.
On 9/12/2016, Vetr Inc. released a statement for Sysco (NYSE:SYY) bumped up the target price from $0.00 to $50.25 that suggested an upside of 0.01%.
Boasting a price of $50.02, Sysco (NYSE:SYY) traded -0.75% lower on the day. With the last stock price close up 0.50% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. The company has recorded a 50-day moving average of $51.51 and a 200-day moving average of $49.40. 1,573,896 shares of the stock were exchanged, down from an average trading volume of 3,693,950
See Chart Below
Sysco has a 52 week low of $38.34 and a 52 week high of $53.97 with a P/E ratio of 30.27 The company’s market cap is currently $0.
In addition to Barclays reporting its target price, a total of 10 firms have issued a report on the stock. The consensus target price is $47.90 with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 7 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 2 firms rating the stock a sell.
General Information About Sysco (NYSE:SYY)
Sysco Corporation (Sysco) along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Sysco provides food and related products to the foodservice or food-away-from-home industry. The Company has aggregated its operating companies into a number of segments, of which only Broadline and SYGMA are the main segments. Broadline operating companies distribute a line of food products and a variety of non-food products to their customers. SYGMA operating companies distribute a line of food products and a variety of non-food products to chain restaurant customer locations. The Company's other segments include its specialty produce, custom-cut meat and lodging industry products segments.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.